Wang Huiwen announced the entry into artificial intelligence, stating that it will create China's OpenAI

ChainCatcher news, former Meituan co-founder Wang Huiwen announced on social media that he is entering the artificial intelligence field, stating that he will create China's OpenAI. Wang Huiwen mentioned that he will establish Beijing Lightyear Technology Co., Ltd., with a personal investment of 50 million USD, and a valuation of 200 million USD. He stated, "I will not hold shares personally; the funds will account for 25% of the shares, and 75% of the shares will be used to invite top R&D talents. In the next round of financing, top VCs have already subscribed for 230 million USD." (source link)